Analysts expect higher profit for AutoZone when the company reports its second quarter results on Tuesday, March 3, 2015. The consensus estimate is calling for profit of $6.37 a share, reflecting a rise from $5.63 per share a year ago.
Over the past three months, the consensus estimate has increased from $6.31. Analysts are projecting earnings of $35.80 per share for the fiscal year. Revenue is projected to be $2.12 billion for the quarter, 7% above the year-earlier total of $1.99 billion. For the year, revenue is expected to come in at $10.10 billion.
Over the last four quarters, the company has seen its income grow by an average of 10% year-over-year. The 24% increase in the most recent quarter was the biggest rise.
Revenue rose in the first quarter after seeing a drop the quarter before. The 14% increase in revenue brought the figure to $2.26 billion in the most recent quarter. In the quarter before that, revenue fell 1%.
AutoZone is a specialty retailer of automotive replacement parts and accessories, offering an extensive line for cars, sport utility vehicles, vans, and light trucks. CarMax, also in the retail (specialty) industry, will report earnings on Thursday, April 2, 2015. Analysts are expecting earnings of $0.60 per share for CarMax, up 15% from last year's earnings of $0.52 per share. Other companies in the retail (specialty) industry with upcoming earnings release dates include: The Pep Boys - Manny, Moe and O'Reilly Automotive.
Earnings estimates provided by Zacks.
Narrative Science, through its proprietary artificial intelligence platform, transforms data into stories and insights.
